7 Best Tips to success Using High-risk Trading Robot

Trading robot in practice using a variety of strategies when execute trading orders. These strategies have risk levels each. Generally, the higher the risk the greater revenue potential profit.

An example of a risky trading robot is the martingale strategies and averaging. With these strategies, deposit your account may be immediately drained if not careful. Therefore, that risk does not exceed the benefits, here are suggestions and tips to follow when you use automated trading systems at high risk.

1. Trading account with cents
High-risk trading robot should only use limited funds on your account Mon only. If a trader uses a standard account (1 lot = 100.000 units), the threat of each position to touch the limit margin call will be very high, if the resilience of capital is not big enough.

At least, with the lot size small, high-risk trading robots can have more opportunities to close the position above the profit loss. Once again, with losses to minimize cents account minimize the size of the lot.

2. use the maximum Leverage
Maximum leverage is needed to increase the resilience of capital. Practical, high-risk trading robot on average takes position to the floating hundreds of pips until finally can close the position with a profit. This is the reason why it is recommended to use the leverage of 1:200 above.

Technically, the high leverage allows trading robot to open the position with a value of lots as small as 0.01, although your capital limited. In contrast to the general practice in which traders thus instead open the lot value greater than 1 on high leverage.

3. Follow the instructions of usage
Usage instructions are often ignored by traders, whereas all sorts of important information listed on it. As a result, errors in operating high-risk trading robots resulted in a margin call.

Follow the instructions of usage such as recommendations for a minimum deposit, lot size, target pair, and so on. The important points to note, because the developers have really set the appropriate trading robot setting these guidelines.

4. Performance Tests using the demo account
Before using the trading robot in the real account, be sure to test performance with backtest method on a demo account. Backtest test aims to find out the indication-an indication of the performance of trading robots such as the drawdown, the ratio of profitability, the number of opening and closing positions, etc.

The backtest results, you can compare actual performance with what was advertised by the developer of high-risk trading robot. If a trader is in compliance, please test again with the forward test until at least one month on demo accounts anyway to really be sure.

5. Withdraw the profit on a regular basis
High-risk trading robot is indeed able to promise big profits, but also because of the risk of the same height, we recommend that you secure the funds in your account before trading robot of acting.

Ideally, the attraction of funds on a regular basis until a number with the initial deposit. In essence, traded funds with a trading robot, later will only use money profit results.

6. use the VPS server
Imagine when trading robot will open or close position, suddenly the internet provider doing maintenance a snap, so that the internet connection is disconnected. Due to the personal use of the internet, obviously you will suffer losses due to the trading robots could not complete its task.

That's the reason why a VPS server is the best medium for trading robot. That way, you don't have to worry anymore because of unstable internet VPS servers operate 24 hours nonstop.

7. Trading with low spreads
Trading account with low spreads his law is mandatory for trading robot automated trading systems, especially with a multi position strategy. When trading robot mounted in an account with low spreads the more positions opened, the smaller the costs of dependents.

Ideally, the floating spreads start from a fraction of a pip (0.1 to 0.5). With the value of the floating spreads, trading robot can adjust easily, can open positions at any time without great cost burdened.

NFP Simple Trading Strategy

As one of the popular event for News Trading, there are a variety of trading strategies NFP (Non Farm Payroll) being run by the trader. Most people hide her strategy, but there are also some publish it, so that it can be a guide for the other traders who do not yet have a strategy trading NFP potent.

Among traders who publish trading strategy NFP is Cory Mitchell, a member of the technical analysts Association of Canada that has been trading since 2005 and manage site Vantage Point of Trading. How trading strategy NFP ala Cory Mitchell?? We will review here.

Setup A Trading Strategy For NFP

NFP trading strategy is set aside for the currency pair GBP/USD chart 15 minutes (M15). According to Mitchell, M15 chart allows volatility beginning to shrink, while still opening the opportunity for us to capture the movement of potentially great when market participants make a more rational decision about whether they will buy or sell based on the news of NFP that just came out. The rational trend that followed after that initial surge is the trend that seeks to be caught with a setup this NFP trading strategy.

Pair EUR/USD could also be used, but because of the GBP/USD typically have daily range greater than the EUR/USD, then the chance of more potential. Chart 15 minutes can also replaced the 5 minute chart, but it will be very prone to false signal.


The Rules Of NFP Trading Strategy

1. Don't do anything in 15 minutes after the announcement of the NFP. A large candle will appear on the chart between the hours of 8:30 am-8:45 AM EST, but you don't need to bother the cadle.

2. Wait until the appearance of the Inside Bar. Inside the Bar here is a 15-minute candle where the High and Low level entirely within the range of the previous candle.

3. high and low Levels are present in the Inside of the Bar will be the trigger (trigger) in the NFP trading strategy. If the price rises to the top level high on the inside bar, then order buy. If the price fell to below the low level on the inside bar, sell order.

4. Place a stop loss at 30 pips from the starting position, or below the last low level if you do order buy. However, the stop loss should not be more than 30 pips.

5. Exit the positions about 4 hours after entry or a maximum at 2:00 PM EDT. Once started, the trend usually lasts about 4 hours, so if your entry at 9:15 PM for example, then exit at 1:15 PM EST. However, at 2:00 PM EST, you should exit from this trading post position NFP, because other factors will start to affect price movement , while the NFP's own influence had already been wiped out.

6. do not make more than 2 positions of the trading post of NFP. If you still got the stop loss after trading opened position 2 based on your trading strategy this NFP, means price movements too random (on choppy). This tactic to save event data release of Non Farm Payroll the next, or the publication of other high-impact data.

7. The last step, you can also apply a trailing stop or the like to prevent loss of profit if the sudden trend turned around after the trading opened position. However, it is not required. Trailing Stop is only a complement for NFP trading strategy. Along with the progress trend, slide the stop loss to the low level or high level.

Tips For Learning Technical Analysis Forex

Here are a few tips in conducting technical analysis:

Do not use too many Indicators
Most traders consider a growing number of indicators they use, the more accurate their predictions. This assumption is wrong. Thus the more indicators you use instead will make your getting confused for a decision. All you need to do is combine indicators, such as indicators for the trend of MA combined with indicators RSI or stochastics oscillator. Do too much, just two or three of a kind just so you don't get confused.


Use indicators that are understandable only
Learn carefully until you know how to use it, then practise. If you already feel comfortable and able to collect profit consistently with a indicator that, don't try something that you've never prove profitability.


Simple is better
Good or whether the indicator is not dependent on complicated or not, but the indicators or whether the trader could use it. The more simple, the more You readily understand its usefulness, that the easier you know the trick, the easier it is for you to collect the profit.


Many are practicing
Analysis of learning like learning to swim. Nobody will be able to swim if you only learn in theory without going down to the pool. To be able to do the analysis properly, you have to practice it. Though you practice using the demo account, deal like a real account, so you'll get used when a real transaction.

Important Factor Affecting The US Dollar

When confronted by a decision, whether you should buy or sell dollars, it all boils down to the economy activity is occurring. Why?? Because a strong economy will attract investment all over the world. Safety factor of funding and the ability of the return on investment will be the choice of the investor.

On the other hand, American consumption to the needs of import goods and services from other countries has caused the dollar to flow out of the country. Although the U.S. become the engine for the world economy, currently the US has become the country's largest pengutang for consumption.

The U.S. was able to attract foreign capital to offset the trade deficit (if imports are greater than exports then the balance sheet transactions running will experience a deficit).


Factors that affect the Value of the Dollar Currency
The bottom line is that when going to take positions in the dollar, forex traders actually need to know the various factors that affect the value of the dollar.

Such methodology can be divided into the following three factors:

1. Supply and demand factors
2. Market sentiment and psychology factors
3. Technical factors

Supply Versus Demand For Dollar

When we do export product or service then the activity will create demand for the dollar because the exporter requires a payment for goods and services in the form of the dollar should be converted from local currency into dollars. Therefore, exporters will sell currencies and buy the dollar so they can make the payment.

Another example is when the U.S. Government or the large American exporters published bonds to raise capital when bonds bought by foreigners, once again the payment will be made in the form of dollars.

Likewise, if economic growth occurred in the U.S. will bring foreigners to own shares of the U.S. company then again stock investors will sell the local currency to buy dollars to pay for the stock purchase.


Market Sentiment and Psychology
Also note if the U.S. economy weakened, slowing consumption and unemployment on the rise? and then the US was faced with the possibility that foreigners will sell bonds or stocks where investors again want the cash from the sale of stocks and bonds. This activity will make dollar for sale and was purchased in local currency investors.


Technical and Fundamental Factors
As a trader, we must measure whether the supply of the dollar will be greater or smaller associated demand for dollars. To help determine this, we need to pay attention to various news and events released by the Government economic data such as salary, GDP data and measurement of the information economy that can help us to determine what is happening in the economy and predict whether the economy strengthens or weakens.

In addition, we need to determine public sentiment about what the market thinks. To add to the mix of estimate, then the historical patterns generated on the level of support and resistance, technical indicators and so forth will be important.

Many traders are confident that these patterns will be repeated and can therefore be used to predict movements in the future.

Technique Combines Forex Indicators

Combining indicators with one another can help you to find other perspectives on price movements. This design can also make the indicators complement each other. This kind of thing commonly referred to as the trading system. For example, a moving average which is basically equipped with trend indicator stochastic oscillator lines to determine which is the timing the buy or sell.

We will discuss this time just a simple and popular system only, as the basis for building trading systems. Usually, traders combine two or three different indicators in their trading system. The decision to buy or sell a third taken while the indicators have been "confirmed" the same signal.

1. The utilization pattern
This is a very simple system. You only need to recognize patterns that appear to predict further price movement. Of course, to be able to recognize the emergence of a pattern, you must reproduce the exercise so that your observations are increasingly observant.


2. Fibonacci retracement + price/candlestick pattern
This technique can be said quite simply. All you need is the trend line and a little help from Fibonacci retracement and a little help from the candlestick and/or price pattern.

This system is based on trends. Therefore, it is of course a good understanding of the trend itself is absolutely necessary. This system also uses a strategy that leverages trading bounce reference Fibonacci retracement level.

First you should do is determine the trend. The next step, pull Fibonaci retracement based on last swing you see on the chart. Then, note the reference the Fibonacci retracement area, i.e., 38.2%, 50% and 38.4%.

Next, find the reflection of the underlying area of Fibonacci. Confirm that you can use is the candlestick patterns or pattern.

So you have to wait for a short-term pullback to areas of reference of Fibonacci and then seek confirmation whether there is a pattern of bullish/bearish. Candlestick patterns can be, morning/evening star, price, or engulfing pattern such as a double top, double bottom, and others.


3. Fibonacci retracement + stochastic oscillator + CCI
Still with Fibonacci retracement, but this time we are going to combine that with stochastic and CCI. Its use is also quite easy. We wait until a short-term pullback occurs to the reference signal, and then wait a Fibonacci buy/sell of stochastic and CCI. Signals should emerge from both these indicators to obtain a strong signal confirmation.

Trading systems described above are just a few examples that you can use. You can experiment to integrate some indicators to be a trading system that suits your trading style.

Trading GBP/USD with the Preliminary GDP Data United Kingdom July 27, 2016

Background
Data on Gross Domestic Product (GDP) is used as a measure of economic growth in the United Kingdom and is one of the important underlying Bank of England (BoE) in determining its monetary policy despite the level of inflation, employment and wage levels. The GDP of the United Kingdom are usually high-impact on the GBP was released by the Office for National Statistics (ONS) 3 times per quarter that is preliminary, second and final estimate. The initial release is preliminary until more impact. The release of the data in the form of GDP percentage change compared to the previous quarter or quarter per quarter (q/q), and compared with the same quarter in the previous year or quarter per year (q/y). The most impacting data is usually GDP q/q.

Today, July 27, 10:30 PM EST will be released Preliminary data quarterly United Kingdom GDP to 2 year 2016. The first quarter GDP 2016 q/q grew 0.4%, lower than the 4th quarter 2015 which grew 0.3% (revised from previous data that grew 0.6%). For the Preliminary quarterly GDP to 2 2016 q/q to be released today are expected to grow 0.5% (or + 0.5%). Results in a higher release of estimates will tend to cause the GBP/USD strengthened, and conversely, if lower than expected then the GBP/USD will tend to weaken.

Sentiment and the levels are important
Although Governor Mark Carney hinted there will be an easing of monetary policy due to the Brexit, this month the BoE interest rate retained the see of + 0.3%, however at a meeting next month that will be accompanied by strong press conference predicted would happen cutting interest rates.

Meanwhile, there is speculation the possibility of rising interest rates The Fed in this year's financial market turmoil after subsiding post Brexit and fundamental data for the U.S. back improves. The difference between the two monetary policy the central bank caused the sentiment of GBP/USD against the release of this data tends to be bearish.

Technical basis, until 12:25 PM EST today above 4 hour chart shows a bullish correction possibilities due to the onset of the indicator RSI bullish divergence:
1. Prices are back above the curve of the middle band indicator of Bollinger Bands.
2. The curve of the MACD indicator cut curve signal (red) from the bottom and move it, and the histogram is above level also OSMA 0.00, indicating a bullish movement.
3. Line histogram indicator ADX is green indicating dominant bullish.
Confirm to buy if the price has broken through the resistance curve of exponential moving average (ema) 55 and the curve of the indicator RSI are above level 50 (center line).

The weekly pivot level: 1.3161
Resistance: 1.3190; 1.3219 (38.2% Fibonacci retracement level); 1.3265; 1.3318 (23.6% Fibonacci retracement); 1.3351; 1.3412; 1.3482; 1.3532; 1.3650; 1.3837; 1.4004; 1.4090; 1.4285; 1.4432; 1.4615; 1.4736; 1.4804; 1.4880.
Support: 1.3056 (38.4% Fibonacci retracement); 1.3014; 1.2956 (76.4% Fibonacci retracement); 1.2907; 1.2863; 1.2796; 1.2649; 1.2235.

Indicator: exponential moving average (ema) 55; Bollinger Bands (20.2); Parabolic SAR (0.02, 0.2); The MACD (12, 26,9); OSMA; RSI (14); ADX (14).
Fibonacci retracement:
The point of the swing low: 1.2796 (lowest rates July 6, 2016)
Swing high point: 1.3480 (highest price July 15, 2016)

Scenario 5 movement of the GBP/USD
The estimated market for the Preliminary quarterly GDP of the United Kingdom to 2 2016 q/q + 0.5%.
1. If the results of the release of the corresponding estimates, i.e. between + 0.2% to + 0.8%, then the possibility of GBP/USD will still move in the range, namely the move to limit resistance or the nearest support and the possibility to penetrate the support or resistance level.
2. If the results of the above release estimates, i.e. between + 0.6% to + 1.3%, then the possibility of GBP/USD will break through a resistance level on top of it.
3. If the results of the release is far above the estimate that is higher than + 1.3%, then the possibility of GBP/USD will penetrate 2 resistance level on top of it.
4. If the results of the release under the estimate, i.e., between-0.3% to + 0.1%, hence the possibility of GBP/USD will degenerate to penetrate one support level below.
5. If the results of the release far below estimates, i.e. lower than the-0.3%, then the possibility of GBP/USD support level 2 will penetrate below.

Analysis of GBP/USD Rebounds on the range 1.3125 (Juli 25, 2016)

GBP/USD rebounds on 1.3125 range and is expected to be bullish move toward breaking resistance 1.3290 to complete the movement of wave v of (c) 2.

Meanwhile the economic data release United Kingdom shows that Manufacturing PMI fell to 49.1 from 52.1 in June, the lowest since February 2013. The composite index, which combines manufacturing and services sector, plunged to 47.7 from 52.4, the weakest reading since April 2009. Markit said that if the PMI remained at the level it is today, they would consistently concluded that the economy shrank at a quarterly pace of 0.6 percent, a rate of decline that hasn't been seen since the recession of 2008-09.


Technical Analysis
On the graph below the H4 can be seen one of the chances of a split which could help you taking trading decisions today.

EUR / USD Bearish At 1.0960 range

EUR/USD bearish move on the range 1.0960 and is expected to further bearish to penetrate the support range 1.0911 to complete the movement of wave 3.

The euro traded at sideway movement bearish and yet show a reaction to the press conference the ECB decision and Draghi last week, even the Euro had strengthened against most of its major rivals in early European session on Friday last week, after data showed that the composite index of the eurozone flash purchasing managers dropped less than expected in July.


Technical Analysis
On the graph below the H4 can be seen one of the chances of a split which could help you taking trading decisions today.

Recap the Data 25-29 July 2016: FOMC And of the BoJ Meeting, the GDP of the US, the Eurozone and the United Kingdom

Last week USD back strengthened versus all major currencies with an index number that penetrates 97.50 USD, the highest since March. The strengthening of the greenback mainly due to the possibility of adding the stimulus of the BoJ and the weakening manufacturing data United Kingdom and Germany ZEW economic sentiment index. Oil prices back down causing CAD weakens and cue the possibility of cutting interest rates such that RBA RBNZ and also on the minutes of the meeting released last week also makes both the commodity currencies slumped.

The focus this week is the FOMC meeting and of the BoJ meeting. While Mario Draghi ECB still waiting for evidence of weakening Eurozone economies due to Brexit before taking the action, The Fed also have not estimated will change interest rates at the meeting this time that is not accompanied by a press conference. However, because this July was the first post-war meeting Brexit then the market focus will be on the FOMC statement to see to what extent the impact of Brexit against the U.S. economy and the possibility the central bank maintain interest rates until the end of this year given the November later there will be the U.S. presidential election.

In the meantime of the BoJ is expected to cut interest rates see from-0.1% to-0.2% at the meeting later Friday which coincides with Japan's inflation data release in June. The consensus of the market also predict that Japan's central bank will raise the motivation from ¥ trillun to ¥ 80 85 trillion a year amid speculation of the existence of ' helicopter money. ' If it is not in accordance with the estimated JPY can be strengthened and returned to the level of 100.00 versus USD.

Important fundamental data also became the focus of the market this week is the Advance U.S. GDP, the GDP of the United Kingdom and of a Preliminary Flash GDP Eurozone quarter to 2 this year. Other important data is inflation Germany, Eurozone and Germany IFO index, Australia, Canada, New Zealand trade GDP, Durable Goods Orders, the U.S. consumer confidence index of the US version of CB, New U.S. Home Sales and Jobless Claims.

Monday, July 25, 2016:
06:50 pm: Japan trade balance data June 2016
15:00 GMT: Germany's business confidence index version IFO July 2016

Tuesday, July 26, 1999:
05:45 pm: New Zealand trade balance data June 2016
06:30 pm: home buying credit data in the United Kingdom in June 2016
07:00 pm: housing price index US Standard version & Poor/Case-Shiller Composite-20 may 2016
07:00 pm: the US consumer confidence index version Conference Board (CB) in July 2016
11:00 am EST: U.S. New Home Sales data for June 2016

Wednesday, Juli 27, 2016:
12:30 pm: the data Consumer Price Index (CPI) 2nd quarter Australia 2016
12:00 pm EST: consumer confidence index Gfk Germany version in July 2016
04:00 pm: M3 Money Supply data for the Euro area June 2016
06:30 pm: Preliminary Gross Domestic Product data (GDP) United Kingdom 2nd quarter 2016
06:30 pm: Durable Goods Orders data U.S. June 2016
07:00 pm: the US Pending Home Sales data for June 2016
06:30 pm: the crude oil inventories data for the industry in the U.S. per 22 July 2016

Thursday, July 28, 2016:
01:00 pm: results of the FOMC meeting: announcement of interest rates The Fed in July 2016 and the FOMC statement
12:00 pm: index of housing prices in the United Kingdom version of the Nationwide July 2016
12:55 pm: the data the number of job seekers in Germany in July 2016
07:00 pm: Preliminary data of the Consumer Price Index (CPI) Germany July 2016
06:30 pm: Jobless Claims data AS per July 22, 2016

Friday, July 29, 2016:
06:30 pm: National data CPI Japan June 2016 and Tokyo Core CPI in July 2016
06:50 pm: Retail Sales data Japan June 2016
08:00 pm: New Zealand business confidence index version ANZ July 2016
Tentative timing: the results of a Bank of Japan meeting (of the BoJ): interest rate announcement in July 2016 and statement of the BoJ Monetary policy
12:00 pm: of the BoJ's Outlook Report
Tentative timing: press conference attended by Governor of the BoJ Haruhiko Kuroda
12:00 pm: KOF Economic Barometer index Switzerland July 2016
05:00 pm: CPI Flash Estimate data for the Euro area in July 2016
15:00 GMT: the Euro area GDP Flash data 2nd quarter 2016
06:30 pm: U.S. GDP data Advance to quarter 2 2016
06:30 pm: Canada GDP data may 2016
11:00 am EST: consumer confidence index of the US version of the University of Michigan (UoM) July 2016 (Final).

Intraday Technical Outlook GBPUSD July 22, 2016

Down quickly but then rebounds quickly. It happened on Tuesday and Wednesday yesterday (19 & July 20). This time the GBP/USD traded above the Cloud on Ichimoku H1 time frame with the dynamic level Tenkan-sen H1 is now moving above Kijun-sen H1.

Not only that, level the balance of Kijun-sen H4 (green line) is currently lower below Kijun-sen H1 (blue line). This condition generally tend to be bullish in the short term risk. However, we recommend that you wait for the break above 1.3257 to reasonably response sellers if there (whether it's spike's upper shadow candle/pinbar, bearish engulfing or bearish candle), and then just started looking for opportunities to buy position when one to two H1 candle (candle bullish) closed above the level of those prices.

On the upside, above 1.3257 potentially targeting resistant intraday 1.3274/1.3313 and 1.3336/60, or even higher.

To anticipate the downside side, just break and closing price below trendline support and minor below Kijun-sen H4 (1.3188) that can break the trend bullish short-term intraday scale (I myself would prefer to start looking for a sell position short term when this scenario happens). Under 1.3188 could pave the way to test the support level back and 1.3132 1.3063.

Overall in the scale Daily or mid/long-term, the pound sterling was still in outlook is bearish against the dollar. Short term upside corrective/medium so far limited by resistant 1.3481/1.3533 area (looking for a sell position of the medium-term will be more attractive when the price moves up towards this resistant range with attention to the price action of the Daily time frame). Meanwhile, prices traded above the support level 1.3000/1.3063 apparently still will keep the short-term consolidation phase/medium after rebounding from Low 1.2795.

Analysis of the AUD/USD July 22, 2106, Sidway In 0.7497 price range

AUD/USD moving flat on the range and an estimated 0.7497 is considering further bearish movement of breaking through the support channel and range 0.7384.

Australia dollar continued to sink, weighed down by growing speculation that the Reserve Bank of Australia will cut its interest rates in less than a fortnight along with the strengthening of the U.S. dollar. While the RBNZ statement directly associated with New Zealand interest rates, traders took the view that this increases the likelihood that the RBA will also follow suit.


Technical Analysis
On the graph below the H4 can be seen one of the Elliott Wave count possibility that can help you make your decision trading today.

 

 

Analysis Of EUR/USD

Analysis of the EUR/USD is organized with a range in timeframe of h4.
Technical analysis to detect a range of range of movement of the currency pair EUR/USD

Daily range:
1.0946-1.1104

Signal:

BUY STOP at 1.1084-TP 1.1104
A SELL STOP at 1.0966-TP 1.0946

Attention:
If this analysis will serve as a referral trading, to note are: the Broker that we use may be different from the broker you use. The difference in spreads, prices as well as High and can accelerate/Lownya whether the signal is to be executed.

The Technique Analysis of Wednesday 20/07/2016

Analysis GBP/USD

Analysis of the GBP/USD is organized with the pattern of range on h1 timeframe.
Technical analysis to detect a range of range of movement of the currency pair GBP/USD.

Daily range:
1.3011-1.3162

Signal:
BUY STOP at 1.3142-TP 1.3162
A SELL STOP at 1.3030-TP 1.3011

Analysis EUR/USD

Analysis of the EUR/USD is organized with the pattern of range on h1 timeframe.
Technical analysis to detect a range of range of movement of the currency pair EUR/USD

Daily range:
1.0920-1.1097

Signal:

BUY STOP at 1.1077-TP 1.1097
A SELL STOP at 1.0920-1.0940 TP

Attention:
If this analysis will serve as a referral trading, to note are: the Broker that we use may be different from the broker you use. The difference in spreads, prices as well as High and can accelerate/Lownya whether the signal is to be executed.

EURUSD Bearish To 1.1001

EURUSD fell to 1.1001 downward is expected to remain until you reach the level of support around 1.0911 (simulation of the end of the third wave as shown in the chart below).

Investors and traders entered the "lying" situation when ready to cue Draghi sniping increased bond purchases by the European Central Bank. On the other hand, the German zew economic reported significant reduction (-6.8). Euro zone zew Economist also showed a similar decrease in trend-14.7. All of these economic indicators was sloping down somewhat distanced from expectation.

Noteworthy, the German zew economic drop in July "bad Apple" first performance since October 2014. Quite shocking considering upgrading 19.2 points in the previous month (June).

Technical analysis
Consider looking at this painting business assistance decision today, this drawing in resolution h4 with Elliott wave theory to read next style.

The price of gold on July 19, 2016 Flat in the range USD1328

Gold is trading flat around USD1328 with the possibility of moving in a bullish correction to hit one of these levels-resistance: USD1347 or USD1354 or USD1363 (maximum).

It seems the precious metal brush away from issues of failed coup attempt of Turkey and the terrorist attack in Nice, France. Instead of these two horrific events, sell gold was likely to be doing consecutive stock rises in the past few days. The uncertainty of the global financial market was dismounted due to issue briksit korrintli back down, sparking new investor risk sentiment in the stock market.

On the other hand, the next FOMC meeting will be held on July 27. Ahead of the event, and the likelihood of high rate (as monitored by the Fed Fund futures CME) currently shown by 2.4 per cent, while the number in September revealed 14 per cent. Figures on the potential rise in November rose by 15 per cent, and in December his highest rate for everyone and sitting on 38 per cent.